Top Share Brokers in India 2024 (Top 20 Stock Brokers) (2024)

Top Share Brokers in India 2024 (Top 20 Stock Brokers) (1)

A genuine list of top share brokers in India 2024 by the number of the active clients in 2024. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by Upstox, Angel One, ICICIdirect and Groww.

There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2024 below:

Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100's of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:

  1. Full-services brokers
  2. Discount Stock Brokers

Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support.

The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.

Note:

  • The data for this report is compiled from BSE and NSE stock exchanges.
  • The best broker ranking is updated every month.
  • Click on the broker name to read broker review.
Top Share Brokers in India 2024 (Top 20 Stock Brokers) (2024)

FAQs

Who is the biggest stock broker in India in 2024? ›

Top 10 Discount Stock Brokers in India 2024

Zerodha is the top most stock broker among all the brokers. Zerodha is followed by discount brokers like 5paisa, upstox and Samco.

Which is the most trusted stock broker in India? ›

The number of active clients reflects the trust and reliability investors place in a broker. Zerodha, Upstox, and ICICI Direct secure top positions in the list of stock brokers in India with the highest active clients, a testament to their popularity and credibility.

Which broker has the best charts in India? ›

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

Who is No 1 stock market trader in India? ›

Top 10 Traders in India
PositionTop Traders in India
1Premji and Associates
2Radhakrishnan Damani
3Rakesh Jhunjhunwala
4Raamdeo Agrawal
6 more rows
Feb 16, 2024

Who is the billionaire stock trader in India? ›

Top 10 richest investors in India in 2023
  • Radhakishan Damani. Radhakishan Damani is the founder of DMart. ...
  • Raamdeo Agrawal. Raamdeo Agrawal is a well-known Indian securities and exchanges finance expert. ...
  • Ramesh Damani. ...
  • Ashish Dhawan. ...
  • Vijay Kedia. ...
  • Sunil Singhania. ...
  • Porinju Veliyath. ...
  • Ashish Kacholia.

Which is the safest brokerage firm in India? ›

Top 18 Stock Brokers in India 2024 – List of Best Stock Brokers!
  • Top 18 Stock Brokers in India. ICICI Direct. Angel Broking. Alice Blue. blinkX By JM Financial Services. Shoonya. Zerodha. HDFC Securities. 5Paisa. Upstox. Sharekhan. Motilal Oswal. Kotak Securities. ...
  • Newer Stockbrokers with Best Services. Paytm Money. Groww.
Mar 10, 2024

Which is India's No. 1 demat account? ›

Best Demat Accounts In India #1 – Zerodha

It provides the option of 3-in-1 accounts, which means investors can use it to store securities, trade, and as a savings account for funds. Zerodha allows users to trade, invest and pledge securities for margins as well. This includes stocks, ETFs, mutual funds, IPOs, etc.

Can Zerodha be trusted? ›

Zerodha is as safe and genuine as any other stock brokers in India. It is regulated by SEBI and is a debt-free company. It has not been involved in any major regulation violation in 10+ years. Read Zerodha - Safe, Reliable & Trustworthy Broker for more detail.

What is the most trusted stock broker? ›

Summary of the best online brokers:
  • Fidelity Investments.
  • Interactive Brokers.
  • Charles Schwab.
  • Webull.
  • J.P. Morgan Self-Directed Investing.
  • Robinhood.
  • SoFi Active Investing.
  • E*TRADE.
6 days ago

What are the top 5 brokerage companies? ›

5 Largest Brokerage Firms of 2024
Stock Brokerage FirmAssets under management*
Vanguard Group$8.6 trillion
Charles Schwab$8.5 trillion
Fidelity Investments$4.4 trillion
JPMorgan Chase & Co.$3.9 trillion
1 more row

Which is the cheapest broker in India? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities .

Which foreign broker is best in India? ›

And now, let's see the top international online brokers for residents in India in 2024 one by one, starting with the winner, Interactive Brokers.
  • Interactive Brokers.
  • Saxo Bank.
  • NinjaTrader.
  • CMC Markets.
  • Optimus Futures.
  • tastytrade.
  • Alpaca Trading.
  • Swissquote.
Mar 28, 2024

What broker do professional traders use in India? ›

Generally, Professional or High net individuals(HNI) use full service broker like HDFC Securities,and ICICI securities. Interactive Brokers is one broker that's a popular choice among professionals.

Which is the oldest broker in India? ›

Oldest broker is LKP securities, it started in 1948. JM Financial Services in 1973. Religare in 1984 are some of the oldest stockbrokers.

Which stock will boom in 2025 in India? ›

10 Multibagger Penny Stocks for 2025
Name of the ShareBook Value (₹)YTD (%)
Exide Industries148.6963.97
Bajaj Hindusthan Sugar Ltd33.8062.79
South Indian Bank33.8743.88
Urja Global Ltd2.6353.27
6 more rows
Dec 20, 2023

Which is better, Zerodha or Groww? ›

While Zerodha may be more suitable for active traders seeking advanced features and lower brokerage charges for intraday and F&O trading, Groww could be the preferred option for beginners and investors focused on long-term wealth creation through mutual funds and equity delivery trading.

What will be the stock market in India in 2030? ›

India's market cap is currently the fifth largest globally ($4.5 trillion) and is likely to hit $10 trillion by 2030, according to a report titled 'Recap 2024. Crystal Gaze 2025' by financial conglomerate Pantomath Group.

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